National Energy Services Reunited (NASDAQ:NESR) Downgraded by Wall Street Zen to Hold

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Separately, Barclays lifted their price objective on National Energy Services Reunited from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

National Energy Services Reunited Stock Performance

NASDAQ:NESR opened at $6.05 on Friday. The company has a market cap of $583.54 million, a price-to-earnings ratio of 7.47 and a beta of 0.39. The stock has a fifty day moving average price of $6.16 and a 200-day moving average price of $7.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10. National Energy Services Reunited has a fifty-two week low of $5.20 and a fifty-two week high of $9.89.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.06). The business had revenue of $303.10 million during the quarter, compared to analyst estimates of $304.68 million. As a group, equities analysts anticipate that National Energy Services Reunited will post 1.03 EPS for the current fiscal year.

Institutional Investors Weigh In On National Energy Services Reunited

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC acquired a new position in National Energy Services Reunited in the 4th quarter worth approximately $49,000. Acadian Asset Management LLC acquired a new position in National Energy Services Reunited in the 1st quarter valued at $48,000. National Bank of Canada FI acquired a new stake in National Energy Services Reunited in the 4th quarter worth $74,000. TD Waterhouse Canada Inc. bought a new stake in National Energy Services Reunited in the fourth quarter valued at about $89,000. Finally, Robotti Robert bought a new stake in shares of National Energy Services Reunited in the 4th quarter valued at approximately $90,000. Institutional investors own 15.55% of the company's stock.

About National Energy Services Reunited

National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. The company's Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.